VANCOUVER, May 15, 2014 /CNW/ - Rathdowney Resources Ltd. ("Rathdowney" or the "Company") (TSXV: RTH) is pleased to announce that Robert Konski has been appointed President and CEO, and as a Director of the Company.
With a career spanning over 25 years, Mr. Konski has experience as an executive and as a strategic advisor to management of public and private companies and governments in Poland and North America. He has overseen energy and infrastructure projects as well as diverse financial services, including restructuring activities. His educational background includes degrees in International Relations (B.A.-Tufts University) and Public Administration (M.P.A.-JFK School of Government at Harvard University).
Mr. Konski is based in Poland. He joined Rathdowney in mid-2012 as Director of Government Affairs, and in early 2014, became President of Company's wholly-owned subsidiary, Rathdowney Polska (see Rathdowney's January 14, 2014 news release for additional details).
In his new role, Mr. Konski will be responsible for managing all aspects of the Company's affairs, including corporate strategy, financial and business management, asset development, stakeholder relationships and day-to-day operations. Mr. Konski's immediate focus will be directed toward Rathdowney's flagship Olza Zinc-Lead-Silver Project, leading the Poland-based team to advance project planning and permitting.
"We are very fortunate to have someone of Robert's calibre, knowledge and experience to lead Rathdowney," said Rathdowney Chairman David Copeland. "Robert's background in the private and public sectors in Poland, coupled with his experience in the government affairs and finance will be invaluable to the Company as we progress with our Phase II activities at Project Olza."
"I have been working with the Rathdowney team since mid-2012 and experienced their commitment to responsible mineral development," said Mr. Konski. "I am excited about the potential of Project Olza and the opportunity to bring the responsible mineral development approach to a new economic development in Poland. I am humbled and excited to be working in a region where mining has been going on for so many centuries."
Rathdowney Resources Ltd. is an exploration and development company focused on advancing the Olza zinc-lead-silver project in Poland through permitting and into production. Rathdowney is associated with Hunter Dickinson Inc. ("HDI") a diversified, global mine development company with a 25-year history of mineral development success.
About Project Olza
Project Olza is located in the Upper Silesian Mining District of southwestern Poland, a world-class region of Mississippi Valley-type deposits with well-developed mining infrastructure. Easily accessible by road, the Olza project site is a one-hour drive from Krakow, a major city with full services, including an international airport. The deposits at Olza are along strike from the long-life Pomorzany zinc-lead mine and 30 km from the ZGH zinc smelter at Boleslaw. A railway line to the smelter runs through the Olza project-area.
Since 2010, Rathdowney has invested some $16.8 million at Olza. The Company's Phase I confirmatory drilling program built on the extensive historical drill database assembled by the Polish State Survey to delimit 21.2 million tonnes of inferred mineral resources, grading 7.42% combined zinc and lead1, with excellent potential for resource expansion. Work by Rathdowney also indicates significant silver concentrations in the Olza mineralization. These mineral resources provide the foundation for engineering, environmental baseline and other technical studies necessary for project planning and permitting.
For further details on Rathdowney and Project Olza, please visit the Company's website:
On behalf of the Board of Directors
David J. Copeland
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: the Olza project will obtain all required environmental and other permits and all land use and other licenses, studies and development of the Olza project will continue to be positive, and no geological or technical problems will occur. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
1 Estimated at a 2.0% zinc cutoff; individual grades are 5.88% zinc and 1.54% lead (see Rathdowney News Release dated September 11, 2012). Silver was not analysed during historical drilling so was not included in the estimate.
SOURCE: Rathdowney Resources Ltd.
For further information:
Roger Blair, Investor Relations
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